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200207831
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200207831
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Last modified
10/15/2011 2:40:16 AM
Creation date
10/22/2005 9:09:14 PM
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DEEDS
Inst Number
200207831
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20020 ?831 <br />(F) Notice of Changes <br />The Nut, Holder will deliver or mail to me a notice of any changes in my interest rate and the amount <br />of my monthly payment before the effective date of any change. The notice will include information <br />r,quiredby law to be given to me and also the title and tcicphonenumber of a personwho will answer any <br />question f may have regarding the notice . <br />B. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER <br />Uniform Covenant 18 of lire Security Instrument is amended to read as follows: <br />Transfer of the Property or a Beneficial Interest in Borrmver. As used in this Section <br />18, '1nmrest in the Property" means any Iegal or beneficial interest in the Property, including, <br />but not limited to, (hiss, beneficial interests transferrcdin a bond for deed, contract for decd, <br />installment sales contract or escrow agreement, the intent of which is the transfer of title by <br />Borrower at a future date to a purchaser. <br />If ail or any part of the Property or any lnterestin the Property is sold or trdnsferred(or if <br />a Rorrnwcris not a natural person and a beneficial interest in Borrower is sold or transferred) <br />without Lender's prior written consent, Lender may require immediate paymmat in fit]] of all <br />sums secured by this Security Instrument However, this option shall not be exercised by Lender <br />il such exercise is piohibilcd by Applicable Law. Leader also shall not exercise Ihis option if. <br />(a) Borrower causes to be submitted to Lender information required by Lender to evaluate the <br />intended transferee as if a new loan were being made to the transferee', and (b) Lender <br />reasonably determines that Lender's security will not be impaired by the loan assumption and <br />that therisk of a breachot any covenantor agreemcntin this Security Insrmeraw acceptablcto <br />Lender. <br />To the extent permitted by Applicable Law, Lender may charge a reasonable fcc as a <br />condition to Lender's ronscntto the loan assumption. Lcndcr may also requirethe transfereeto <br />sign an assumption agreementthm is acceptable to Lender and that obligates the umnsteree to <br />keep all the promises and agreements made in the Note and in this Security Instrument. <br />Borrower will continue lu be obligated under the Nom and this Security Inslrmrent unless <br />Lander releases Borrower in writing. <br />If Lender exercises the option to requir, immediate payment in full, Lender shall give <br />Borrowernotice of acceleration. The notice shall provide a period of not less than 3o days from <br />the date lire notice is given in accordmncewith Section 15 within which Borrower must pay ail <br />sums second by this Security Instrument, if Borrower fads to pay these sums prior to the <br />expiration of this period, Lendernay invoke any remediespermiucdby this Security Instrument <br />wilhnut further notice or demand on Borrower. <br />11FID9151 -(amp : "I1 154211 Inliials'.k 3 <br />(=�815R (0008) Page 3 at 4 Form 3192 1 /01 <br />
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